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this go around. reduction offer right off te fiscal cliff. >>> the white house has booted the gop's new deficit reduction off the fiscal cliff. the 10-year plan promises to shave $2.2 trillion through a combination of entitlement cuts and tax reform measures. but house republicans still refuse to meet president obama's bottom line. letting the bush tax cuts expire for the wealthy. in the statement, the white house said that the plan fails the balance test and sticks the middle class with the bill. >>> the gay marriage in california is still on hold tonight. the u.s. supreme court could have announced today whether they would review prop 8. instead the justices announced that they will wait until friday to discuss whether to take up the case. legal experts say the delay ruling means nothing. >> it's like we have so many cases on the docket. let's put this one off next week, no big deal. that's really what happened. it really isn't the dog that didn't bark, but it's the case that has not been resolved yet and we're still waiting. >> professor little says he expects if the court grants a r
that if this is not good enough for the white house, we will go over the fiscal cliff. >> the white house rejects a republican counter offer. >> john boehner sent a proposal that offers more than $2 trillion in deficit reductions but no tax increase. >> he will not sign an extension of the bush era tax cuts for the top 2%. >> folks worried about the fiscal cliff, are you like me? are you worried about it and have no idea what it is? >> according to state tv iran's revolutionary guard captured a u.s. drone after it entered the iriranian air space over the persian gulf. >> but u.s. navy official says there are no missing drones. >> prince william and his wife katherine, expecting their first child. >> after the duchess was admitted to hospital. >> that child could grow up to be one of the most powerful unemployed people in the world. >> a search is under way in new york for a man accused of pushing another man to his death in the subway. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >>
tells us, there's still a disagreement over how to avert the "fiscal cliff." >> reporter: three republican and three democratic governors gate the president their take on how to avoid the "fiscal cliff" this morning at the white house. >> we're not sort of saying it should be that plan or that plan. i think what we all agree on is something has to get done. >> as governors we think it's important that we're part of the discussions both in terms of the impact it has on our finances and our economies. >> reporter: state government cost lose much-needed federal aid if democrats and republicans don't reach a deal to stop automatic spending cuts before the end of the year. the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obama says those tax cuts must expire for households making $250,000 or more. >> it's a position that is supported by a majority of the american people. and, you know, we need to see from republicans an acknowledgement of that. >> reporter: the gop proposal that the white house quickly rejected closes t
in washington and the fiscal cliff looming, he says the white house will only agree to a plan that including higher tax rates. >> if they are going me -- to force higher rates on all americans because their tax rates go up on 2% of americans, that's a choice we'll have to make. >> one1.6 trillion in tax revenue, cuts to medicare. he insists the bush era tax cuts must expire. >> what we did is put forward a very comprehensive, mix of savings and tax reforms that help us put us back on a path to stabilizing our death and living within our means. >> rebel cans did not welcome -- republicans did not welcome the proposal. >> i think it's essentially a rerun of his revenue proposals. they are 1.6 trillion in revenues and tax increases. >> and they're expressing frustration with the lack of progress. >> i would say we're nowhere. he's pointing out the administration did offer six hundred billion in cuts to healthcare. he remains optimistic a deal will be made. i'm elizabeth reporting. >> the u.s. supreme court could announce tomorrow whether it will hear appeal on several cases involving same sex m
does not take action to stop them. going over the fiscal cliff could trigger a recession, some say. >>> mitt romney was at the white house earlier today for a lunch meeting with president obama. his invitation keeps the promise he made when he declared victory on election night to talk with the gop candidate about areas where they have common interests. the two were to talk over lunch in the white house private dining room. the president's press secretary said the president didn't have any particular agenda, and it was closed to the media. >>> out of service. we were hear when police tested this emergency phone. we'll show you what happened and tell you why this phone is just part of a larger problem. >>> more specifics on when the next storm arrives in your neighborhood and how much rain it will bring. >>> as the dump truck continued forward, it hit nine other vehicles, so 11 vehicles totaled. >> a truck crashed in the east bay. the simple explanation for what caused it. >>> an unusual accident involving a big rig. the truck driver said he had a sneezing fit while behind the wheel
court reforms. >>> hopes for a budget deal to avoid the "fiscal cliff" inched stocks higher today. a pair of strong economic reports also brightened the mood. the dow closed up 37 points. nasdaq gained 20. s&p added 6. >>> republican lawmakers and the white house are working overtime tonight to avoid the "fiscal cliff" stepping up phone calls and meetings within the last 24 hours. cbs reporter danielle nottingham is on capitol hill where the two sides are still talking. >>> reporter: president obama dispatched his chief negotiator tim geithner to capitol hill to work on a "fiscal cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an extension of middle class tax c
-called fiscal cliff. they will discuss now to avert tax increases and spending cuts due to begin in january. >>> little progress in talks between the white house and house speaker boehner. >>> if you the past few days wishing you had -- california may be getting into the big game power ball played in 42 other states. lottery officials meet today expected to adopt regulations to join power ball on the heels of the staggering jackpot of 579 million dollars two winning tickets were drawn, sold in arizona and missouri. california retailers could begin selling the $2 tickets next year would it bring in 90 to 120 middles to help supplement education spending in -- million dollars to help supplement education in -- spending. >>> let's see if we are winners the weather race today. i think we are if you count raindrops. >>> we are still looking at two bigger storms headed our way, light showers this morning, live doppler showing most activity in the north bay up through cloverdale, ukiah, a few showers offshore also napa and snow may. if you are headed out highway 101 and 121 on the wet side, be car
ticking in washington in the fiscal cliff looming closer by the day. the treasure secretary says the white house will only agree to a plan that including higher tax rates. >> if they are going to force higher rates on virtually all- americans, because they are want thing tax rates to go up on 2% that is a choice they will have to make. >> calling for an additional $1.6 trillion in tax revenue. cuts to medicare and $50 billion in stimulus spend approximating. he insists the bush tax cuts must expire for the healthyy individuals. >> it is carefully designed mix of savings and tax reforms to put us back on a path to stabilizing our debt and living within our means. >> the republicans did not welcome the proposal. >> i was disappointed by the proposal. i think it say rerun of the budget proposal. the revenue is 1.6 trillion in revenue and tax increases. >> and expressing frustration -- and they are expressing frustration. >> i would say we are nowhere, period, nowhere. >> reporter: they disagree pointing out the administration did offer $600 billion in cuts to health care and other programs.
and everyone else who has come through capitol hill and the white house to talk about the fiscal cliff. for the first time since this drama began to play out on a very public stage, yesterday there were no substantive negotiations or conversations whatsoever, none at all. and here is what the public thinks about all this. if, in fact, the nation does go off the fiscal cliff and negative consequences ensue, by a two to one ratio, by the most recent poll, it will blame republican, not the white house. the white house knows this, believes it's in a strong position and intends to use that leverage when and if negotiations begin. for "cbs this morning," major garrett at the white house. >>> federal health officials are watching a medical crisis, an earlier-than-usual flu season. the south is already hit hard, one month earlier. three school systems in tennessee say so many teachers and students are sick, they've closed for the rest of the week. health officials also say this year' flu strain is making patients sicker than normal. the good news, this year's vaccines seem to work well against
ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, pointing out the administration offered $600 billion in cuts to healthcare and other programs. he remains optimistic a deal will be made. ktvu channel 2 news. >> republicans who met with susan rice last week continued to blast her today but her harshest critic said the attack in benghaz
presented the latest white proposal on avoiding the fiscal cliff to house speaker john boehner thursday --house speaker john boehner says that the idea of boosting revenue by 1.6 trillion over the next decade would be a 'crippling blow' to the economy. >> ".we're at a stalemate.. .let's face it...." >> "vhope that's a figure of speech. shouldn't be talking about a stalemate." we should not even think of that term of a stalemate. >>catherine: the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on anyone. period. the white house is hoping that the fact the president is taking his case to the public will help build momentum....and pressure congress to act. of course the real negotiating is going on behind closed doors.. and with 32 days before tax hikes and spending cuts kick in....there are few signs of progress... catherine heenan, kron 4. >> congressional insiders that a deal could be reached before the deadline we will be right back. ♪ aids is not going to take my ba
on the fiscal cliff talks. competing plans from the white house and republicans was little talk of compromise. if the white house plans raises taxes on any and come over to london and $50,000 with 350 billion in cuts to medicare and 200 billion in new stimulus and and fracture spending. the republican counter offer has deeper cuts to a medicare and reduces the social security cost of living increase. but it has no tax increases. it raises revenue through closing tax loopholes and this deductions. raising 800 billion over 10 years. does have a what the president is proposing.hite house he immediately rejected the republicans' proposal. the president is saying that he will not accept a proposal without a tax increase for the wealthier americans. it is 27 days until the fiscal cliff. >> u.s. officials say that the white house and its allies are weighing military options to secure serious chemical and biological weapons. this comes after u.s. intelligence reports show that the syrian regimen may be ready and those weapons and may be desperate enough to use them. president barack obama told an aud
to capitol hill to find out the conditions of the looming fiscal cliff. they complain that the white house has not provided them on how the president will curb medicaid and medicare. if the president has been consistent and that he does not want the tax to go for people who are under too much as $50. he is adamant that any new tax revenue must come from--he once rates lowered and was is that and find a middle ground. >> in bay area a news they have released the names of two girls were shot and killed over the weekend in oakland. a 16 year-old girl and a another 15 year-old were found shot to death about 6:00 in the morning in east oakland. they have been hit by multiple gunshot loans. if they stated that they do not have a modem and they do not know why these girls were on the street along. no arrests have been made. >> oakland police are asking for your help. there is a 16 year-old girl walked away from a group home on coolidge ave. if the staff followed her but then they lost sight of her. she is considered at risk because even though she is set at 16 years of a her capacity is of a nine
obama said tax rates must rise on the wealthiest americans as part of any deal to avoid the fiscal cliff. this morning r the president met with a bipartisan group of governors at the white house. jerry brown was not among them. the group did not endorse any specific proposal on avoiding the sharp tax and spending cuts that could take effect in january. president obama says it's possible that the tax rates could later be lowered as part of a comprehensive tax overhaul. >>> police responding to an early-morning burglary in san jose are surprised at what they found. we'll have exclusive video of the discovery. >>> rosemary's back in about nine minutes to tell you more about the new storm rolling in and when rain will increase in your neighborhood. >>> it's a first of its kind set up in the bay area. ahead with a new solar facility dedicated an hour ago is getting a lot of attention. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get cha
is sending representatives to capitol hill to find a solution for the impending fiscal cliff today. republicans complained the white house has yet to provide specifics about how the president would curve the rapid growth of programs like medicare and medicaid. the president is insisting that tax rates go up on families will accede to under $50,000 a year. house speaker john banar is adamant that any tax revenues come from overhauling the tax code. clearing tax breaks and lowering rates for everyone. >> two tickets last night. one was sold in arizona one was sold in missouri in both matched all six numbers. arizona lottery officials said they have no information on the winter. they look at now is where it was sold at a press conference. two very lucky ticket holders. >> authorities have released the two names of two teenage girls were shot and killed during a weekend in oakland. 16 year old bobbysartan and 16 euro raquel gerstall will found 6:00 a.m. sunday morning with multiple gunshot spirit please do not have a motive for the killings now. they do not know why the girl for on an
the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 j
the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the c
president barack obama to work on the fiscal cliff. they will meet with house speaker john boehner, governor jerry brown is actually not in the group. >>> white house is rejecting the republican fiscal proposal. and it is a counteroffer to the one president barack obama offered last week. coming up, what the white house says is missing in the republican proposal. >>> time now time to bring tara back. if anybody is headed for the bay bridge, what do you want them to know. >> if we take a live look, this happens in just a matter of minutes and i bet you it is going on right now. so give yourself extra time if you are headed into the city right now. we can show you 580 westbound and then also up in the pittsburgh antioch area, slow going there on highway 4 as you make your way towards concord. last but not least, 280 san jose and traffic is moving along pretty well. 6:07 here is steve. >>> cloudy skies, now last hour, there has been some light rain in mendocino and down to salina, it is cloudy and a few areas of fog. this system is considerably weaker than the one we have and it looks like we w
until the fiscal cliff and the republicans and the white house seemed to of found some common ground. both sides agree that tax revenue and and reduction in entitlement spending in medicare are key elements in the deal. the republicans may be softening on raising taxes for the wealthiest americans. the white house may be bending on some greater spending cuts for medicare and raising the age from 65 to 67. they will be work meeting witlater on. >> if you can see the rain coming down, livermore is getting hammered. we will be right back. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and
for separate talks on the so-called fiscal cliff. they will discuss how to avert a series of tax increases and spending cuts due to begin in january. there's been little evident progress in talks between the white house and lead gop negotiator, house speaker boehner. >>> if you the past few days wishing you lived somewhere that has power ball, you may get your wish. california may be getting in on the big game, already played in 42 other states. lottery officials meet today and are expected to regulations to join power ball on the heels of staggering jackpot of 579 million dollars. two winners, arizona and misery -- arizona and missouri. >>> 5:36. let's see what is going on with the weather. . >>> good morning. up in the north bay, clover lake, clear lake, dry creek road light showers will continue to increase throughout the afternoon south afternoon novato into san rafael, light showers, lucas valley road, damp, winds are breezy this is in advance of this next system, look at this these thunderstorms offshore, these are going to stay north, we are looking at this line of heavier rain to m
:44. the back and forth continues in washington between congress and the white house over the so-called fiscal cliff. this morning president obama will host some of nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on top 2% of income earners. republicans countered with plan it would raise 800 billion dollars in revenue but doesn't call for raising tax rates on the wealthy the proposal was quickly rejected by the white house. >>> if you plan to fly anywhere for the holiday, book your flight right away. >> here's jane king with the bloomberg business report. >>> good morning. if you are thinking of flying over the holidays and don't have a ticket yes, book fast. airfares are up 4% compared to last year now that advanced purchase window can keep costs down if you buy 21 days in advance. if you are looking to save, christmas day airfares are cheaper along with december 27th and 31st, 17th and 18, may be good. congress gearing up to overall haul student loan debt collection wisconsin representative expected to introduce a measure thi
go over the fiscal cliff? new numbers are out and alison burns joins us live with more. >> reporter: a few research polls out show more americans would blame republicans over the white house. this poll shows that 53% of americans say if we go over the fiscal cliff, more blame would fall on republicans in congress. 27% believe the finger would be pointing at president obama. now, the president vowed during his re-election campaign that we would not reach that point but we're -- but we're certainly getting closer. we just learned the president is rejecting the latest counteroffer from republicans. democrats believe they can force republicans to vote on tax increases. house minority leader, nancy pelosi, could be filing the necessary paperwork in a couple of hours. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:15. right now, president obama is meeting with a bipartisan group of governors at the white house. reportedly, the governor has requested the meeting with the president. they want to urge president obama to work with congress on a solution to the
of preventing the u.s. from falling off the "fiscal cliff." treasury secretary tim geithner and a white house aide plan to visit with the four house and senate leaders. they hope to find common ground on how to avert a series of tax increases and spending cuts scheduled to begin in january. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no media will be allowed. >>> powerball ticketholders are checking their numbers twice today. >> yeah. good luck. the record-breaking jackpot $588 million. the numbers drawn last night just in case 5, 16, 22, 23, 29 and the powerball number was 6. two winning tickets sold in arizona and missouri. californians may be able to cash in though on powerball prices next year. it's not in our state but lottery officials are meeting this morning up in sacramento trying to hammer out details that would allow the golden state to join the 42 other states in the powerball drawing. california state officials say by
in washington president obama is meeting with washington to discuss the fiscal cliff. the automatic government spending cuts that will kick in. republicans and the white house sent to have finally found some common ground both sides agreeing that tax revenue and reductions in entitlement spending for programs like medicare are key elements of this bill. republicans may be softening on raising taxes for the wealthy americans. the white house may be bending on accepting greater spending cuts for medicare and possibly raising the medicare retirement age 65 age from 65 to 67. >> thank you mark. we will take a quick break the time is 6:38. we are following the weather. we have quite a bit of rain coming down quite a bit in the bay area especially in the east bay. george is following a hot spot in interstate 80, a backup sonically basically from berkeley up to the cartoonist bridge. george will let us know why and what is going (male announcer): live from the bay area this is the kron 4 morning news. kron 4 news starts now. >> thanks for watching kron fours bay area news channel. here are the top st
. >> washington is driving to the "fiscal cliff" and with 29 days left there is a stalemate. the white house is rejecting the latest republican offer. danielle nottingham is showing us how president obama is turning to social media. >> reporter: working to win public support for his tax and spend proposing, president obama answered "fiscal cliff" questions on twitter monday. one twitter follower asked, why won't keeping tax rates low across the board encourage more hires and tax revenue? the president replied high-end tax cuts would cost almost $1 trillion while extending middle class cuts will produce growth. if there is no compromise all tax go up and spending will be slashed including cuts to the defense budget. defense contractors gathered in washington monday to discuss the consequences. david language staff is ceo of task a company that develops aviation systems and software for intelligence agencies. >> but i think it's very bad for national security because companies cannot plan. >> republicans sent the president a counterproposal monday afternoon. it includes more than $2 trillion i
. >> timothy gitner said the white house is willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of corners. the parties position seems unchangeable. >> speaker boehner took a position i think the day after the campaign that said we're willing to bring in revenue but not being to take a risk. >> the president said they could reach a deal within a week. >> the white house budget officer is issuing an order to prepare for more than $100 billion in spending cuts in a compromise cannot be reached before the deadline. >>> changes are coming to the national hurricane center's warning system after super storm sandy. it is loosening the criteria to issue hurricane strength warnings. the same alerts were triggered even though it downgraded from a hurricane. it's so everyone will be ready for extreme conditions. >>> this morning this people in crisfield are still suffering from sandy's damage after fema decided not to provide assistance. maryland lawmakers are challenging that decision. >> when sandy flooded crisfield saving lives came first. >> is there water
." democrats are calling president obama's plan to avoid the fiscal cliff an opening bid. some republicans have different words for it, joke. >> major garret is at the white house and reports on the president's plan and the strong reaction it got from republicans on capitol hill. major, good morning. >> reporter: good morning, charlie and norah t. the white house brought real numbers and republicans called them an insult, concocted in never neverland. so much for a week of work here in washington to avert what's called the fiscal cliff. treasury secretary tim geithner gave house republicans new ideas on resolving the fiscal cliff. and left with their anger ringing throughout the capitol. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. i've got to tell you, i'm disappointed. >> reporter: here are the big white house numbers. for $4 trillion deficit reduction in ten years, $1.6 trillion comes from households earning more than $250,000 a year. $400 billion in entitlement cuts in program like medicare and medicaid and $50 billion
meets with governors at the white house. they will be discussing, what else, the impending fiscal cliff. >>> news corporations uk chief tom mockridge is stepping down. he took over the unit 18 months ago at the height of the company's phone hacking scandal >>> the time has finally come, cory booker taking the food stamp challenge this week. the newark mayor will only be eating with food he can buy for $37. that is the average food stamped benefit in his week. booker said he will be giving up coffee because he can't afford it. that will be tough for us. >> no doubt. >> interesting to see at the end of that how he does. >> i'm sure he will be documenting on twitter what goes on during those days. coming up, one of the strangest cases of cosmetic surgery, can't make this up. did you read about this? mustache implants. that's right. we'll tell you about it next. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male
that "fiscal cliff." >> rates have to rise and the republicans need to acknowledge that. that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, you know, we want a family, so, uhm, you know, we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado comments@captioncolorado.com >>> good morning, it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it is 6:32. a huge pot bust at a home in east san jose. this morning neighbors reported a burglary happening at a home on the 1300 block of sandalwood court. when police got there they found the front door open. they entered the home and discovered an elaborate grow house there. we have live pictures of the house here. in fact, officers say there was no furniture inside the home at all just about 300 pot plants with a street value of $125,000. and because of all the chemicals inside the home, they called the fire department. no word on who ow
. >>> the standoff over the fiscal cliff is putting jobs here in california and alison burns has more on this. >> reporter: and secretary panetta has warned the fiscal cliff would hurt our national defense. he's expected to hold a news conference any minute now. he's getting the order from the white house to brace for massive budget cut us. now, the automatic spending cuts that would kick in if congress does not reach an agreement on the fiscal cliff would force the pentagon to slice about 10% of the budget. the defense industry projects one in five defense contracts in california would be lost. the aerospace industry is projecting that 135,000 department jobs would be cut along with 90,000 jobs for a total of about 225,000 jobs lost in california over the next few years. alison burns, ktvu channel 2 news. >>> 8:16. well, today will mark the 9 oth annual lighting of the national christmas tree. president obama and his family, they will flip a switch lighting that tree this evening. neil patrick harris, remember doogie howser? he will be hosting the event. james taylor and the fray will be amo
this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and social spending. >>> when we came in this morning, just mist and drizzle. >> i hardly had to use my wipers. that is changing for a lot of folks. >> it is. right now as you look at our roof cam, nice batch of light to moderate rain falling now over the embarcadero. not so heavy we can see the ferry building and the bay bridge enough that it is causing ponding on the embarcadero this morning that's what most of us are going to run into especially east bay highway 4 connects to 680 south of vine hill coming into concord pleasanton down to walnut creek latest update light to moderate rain especially overconcord and pleasant hill highway 4 bay point, pittsburg, antioch highway 4 commute which is usually treacherous any way is going to be wet. heavy rain starting towards san rafael, larkspur, mill valley, tiburon, sausalito and belvede
before that so- called fiscal cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember, it's only 2%. >> pelley: by top 2%, he means individuals making more than $200,000 and couples taking in $250,000 or more. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $40,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett
house is rejecting a republican averting the "fiscal cliff,"... saying it would lower tax rates for the wealthy and stick the middle class with the bill. the house republican plan calls for 800-billion dollars in higher tax revenue over 10 years... but would keep the bush-era tax cuts in place for all income earners. president obama wants to end tax cuts for americans making more than 250-thousand dollars a year. the bottom line -- lawmakers made no progress today on an agreement. >> mitt romney has a job again.. he's returning to the board of directors at marriott international hotel.... he's been on the board twice before - but left to run for political office. romney has kept a low profile since the election - spending his time with his family at their california home. the romney and marriott families are close -- in fact - willard mitt romney was named after the hotel's founder -- j. willard marriott... >> heavy fighting between rebel and government forces in syria. now there is concern that syria could plan on using chemical weapons against the rebels. obama is warmin morn
.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a deal is possible, but... >> this proposal now is still out of balance. >> the plan sent yesterday offers a total of 2 tth $2 trillion in deficit reduction including $1.2 trillion in spending cuts. and00 billion in new tax revenue no. rate increases in top two percent of taxpayers. that is nonnegotiatable for the president. >> we're not going to be able to get a deal without it white house says the math doesn't add up. >> it's magic beebs and fairy dust. >> with just 28 days until deadline, negotiations reach aid stalemate. >> there is nothing going on privately that is not going on publicly. >> there are no plans at this time for leaders to meet with the president at the while the house. it doesn't sound like he's sending out invitations any type soon. >> i don't think that the yish now has to do with sitting in a room. >> today, the president did meet with the bipartisan group of governors. >> we understand wil
coming to a fiscal cliff. this just hours after she spoke at a women's dinner here is what she had to say. >> we need to grow our mobile expertise really quickly. one of the things we concluded is that yes, we need to hire one by one, won't it be great if we got shrugs of people that were a team, already knew how to work together? so we've been looking at aqua hires, we've done our first one. >> in addition, myer says yahoo will possibly look to partnership was other companies. more bad news on the hewlett-packard front. deals with the falout with autonomy write down, moody's cut the ratings today, three level as above junction status. moody's says it's worried about hp ability to compete as well as numerous execution challenges. and apple is winning in the netherland. a dutch court banned sale of some gal yachlsy product that's allegedly infringe on the apple photo navigation patents. the ban only applying to older products that don't run on updated photo galleries but samsung still going to have to pay apple $129,000 for every day it violates the ruling. a check in on how stocks are tra
and democrats are at a stalemate again in negotiations to avoid the "fiscal cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was here on capitol hill last week to present the president's plan to congress. >> i was flabbergasted. you can't be serious! >> reporter: president obama wants $1.6 trillion on the rich, $400 billion in cuts to entitlement programs and billions in more spending. >> reporter: mitch mcconnell laughed at geithner during their meeting last week. now geithner says if republicans don't like the plan, it's up to them to present their own ideas. >> what we can't do is try to figure out what works for them. they have to tell us what w
.. the latest white proposal on avoiding the fiscal cliff to house speaker john republicans laughed. >> there is a stalemate, let us not kid ourselves. >> perhaps it is a figure of speech but the country cannot afford a stalemate. >>catherine: house speaker john boehner boosting revenue by 1.6 trillion over the next decade would be a 'crippling >> stalemate...let's face it.." "...hope that's a figure of >> speech...shouldn't be talking about a stalemate." >> the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on anyone. period. the white house is hoping that the fact the president is taking his case to the congress to act. of course the realand with 32 days before tax hikes and spending cuts kick in....there are few signs of progress. congress seems to love a deadline. but while it might come at the 11th hour -- most insiders seem to believe that there 'will' eventually be an agreement to avoid that cliff.. >> let us take a look at traffic on the south bay bridge
at's where we begin this morning. >> fiscal cliff deadline, president obama sends his treasury secretary to capitol hill to negotiate with congre congressional leaders. major garret is at the white house. good morning. >> charlie and norah, even as negotiations intensify, campaigning continues at the white house. president obama is adamant about protecting existing income tax rates for middle income earners and raising them on the wealthy. for the president the politics of this is very simple. he he ran on that issue and against republican obstructionism and won. if republicans don't relent on his issue, other fiscal cliff matters won't be discussed in the president's campaign to end the stalemate will continue. -election pond time since winning re-election, president obama welcomed the applause of hand-picked supporters and wa his calls tolicans not to ignore is calls to protect middle class households. >> it's time for us to work on >> reportel agreed to, which is allow eep middle class tax cuts for >> tax cuts for households that earn more than $250,000 to in a expire. incre
in the ground here for a long time. >> the white house rejects a republican counter plan to avoid that "fiscal cliff." >> republicans need to acknowledge it that that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, we want a family so we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." ♪ [ music ] >>> good morning. it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it's 5:31 on this tuesday. muni service back to normal on market street this morning. power was just restored to the subway. last night service was shut down for hours. cate caugiran joins us now. >> reporter: they had their hands full yesterday michelle and frank. but i just spoke with a muni spokesman on the phone who told me in terms of the morning commute, they are happy to say that again all trains are back up and running an service has been fully restored. now this is because crews were working well into the night to restore power to all of those underground transit stations. now, all tra
, rope-a-dope. where does that leave us after months of hearing about the fiscal cliff, no signs of a compromise plan yet. chief white house correspondent jessica yellin here now. jessica, what happened to all this, hey, willing to work together, let's compromise, let's do what the american people want, we got a couple of days here before we go on vacation? what happened? >> reporter: i don't know. maybe it is always darkest before the dawn? that's the most optimistic way to look at it, i guess. look, the white house would look at it this way or democrats at least, they have been frustrated that they argue that republicans have not come to the table with specifics on how they would raise taxes. the president as you know campaigned on this pledge to raise taxes on the upper income, and they want to hear what republicans are willing to do on that. so they said since the republicans weren't given specifics, okay, the white house went up there, and delivered an opening position, was not written down on paper, not sort of a formal offer, here's what we want, it was a starting position
accounted for. >>> jane king live from the new york stock exchange. >>> good morning. january 1st, fiscal cliff getting closer. boehner the president a letter you lining the republicans' plan it took two hours for the white house to reject it, saying it benefits wealth any and sticks middle class with the bill. republicans want cuts to -- [ unintelligible ] we have quiet start here on wall street, positive, dow and s&p, nasdaq lower investors continuing to track what is going on in washington. bloomberg index this morning a little lower. another positive report on home prices up 6.3% in october biggest jump since june of 2006. pending forecast indicates november index up more than 7% in california better, up more than 9% in october. live at the new york stock exchange, i'm jane king. >> you passed on grease how about a little singing in the rain? >> [ unintelligible ] >> if mike wants to sing, go ahead. >> sing and dance. >> soft shoe over there. >> i have an umbrella for you. you -- good morning. 6:48, looking from mount tamalpais this morning back down on what is mainly cloudy to the so
. >>> president obama dispatched his chief negotiator to capitol hill to work on a deal to avoid the "fiscal cliff." today treasury secretary tim geithner met with house and senate leaders. republicans came out of that meeting saying that the white house needs to get serious about spending cuts. >> it's time for the president, congressional democrats to tell the american people what spending cuts they are really willing to make. >> let's give a christmas present to the american people. and all we're saying is, we're willing to make the cuts. >> coming needs to reach an agreement in the next few weeks in order to avoid a series of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got out of an suv and walked into the white house alone. the former republican nominee then
-called fiscal cliff, whether it is political negotiating or posturing, every american stands to lose if top politicians can come up with a plan before the end of the year deadline. tahman bradley has latest from washington. >> reporter: fiscal cliff talks have hit a stalemate only 29 days to go, republicans and democrats remain far apart over the weekend there was worry negotiations might fail. >> i think we are going over the cliff, it is clear they've made a political calculation. >> reporter: president obama and his team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future generations those rates have to go up. >> reporter: republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 bill
of the four fire stations periods >> there is 26 days until the fiscal cliff. the expiration of the bush tax cuts for all americans, and automatic government spending cuts that will kick in and republicans and the white house seem to have found some common ground. both sides are green that tax revenue and reductions in entitlement spending are key elements of the deal. republicans may be softening on raising taxes for wealthier americans and the white house may be on accepting a greater spending cut for medicare. >> we will be right back as kron 4 news continues. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids i
and that "fiscal cliff" i'm sure is going to come up. >>> a new york city nanny pleads not guilty to charges that she killed two children. yoselyn ortega is accused of stabbing a 6-year-old girl and a 2-year-old boy who were in her care. she also stabbed herself and is still in the hospital. police say the mother returned home last month and found her children dead. >>> two bp rig supervisors and a former bp executive pled not guilty to criminal charges in the deadly deepwater horizon rig explosion from 2010. the supervisors are charged with manslaughter in the deaths of 11 rig workers. the former executive is charged separately with concealing information from congress about the amount of oil leaking from the well in the gulf of mexico. >>> parents are blasting an isolation booth at an elementary school in the state of washington. but school administrators say they need it. we'll let you judge for yourself. photos of the isolation booth went viral on facebook. looks like a big safe there. the original facebook poster criticized as abusive. she says kids are locked in for crying or tapping o
, to meet with the middle class family that will feel the impact of the fiscal cliff. as danielle nottingham reports for wjz from washington, outside, groups are turning up the pressure for congress and the president to reach a deal. >> representative maloney. >> reporter: lawmakers are gettingang earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent. for this family. >> reporter: the white house has made clear, the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax
--read staffed somewhere else beating thank you jackie. >> the latest from the fiscal cliff talks in washington competing plans for the white house and republicans and little talk of compromise. the white house plan raises taxes on income over too much of $50,000 with 350 billion in cuts to medicare and 200 billion in new stimulus and infrastructure spending. the republicans counter offer has deeper cuts to medicare and reduces the social security cost-of-living increase. but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those weapons and may be desperate enough to use them. president barack obamas told an audience at the national the fifth anniversary monday the u
a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> "i know that the president certainly wants a deal. he didn't try to handicap it." and earlier this week, he told so called middle class americans on twitter keep pressure on congress, he's even ventured outside the beltway rallying supporters to do just that "i'm going to be asking all of you to make your voices heard." >> why isn't he calling speaker boehner over to a white house meeting? "speaker boehner and i speak frequently. and, you know, i (reporter: "so when? when will the two of you sit down in a room?") >> "you know, i don't think that the issue right now has to do with sitting in a room." in part the white house was burned by the debt ceiling negotiations of 2011 when lots of meetings, failed to stave off a fiscal nightmare. but there's another strategy at play. some in the administration say they learned in the first term, the best wa
with congress to work on a solution to the fiscal cliff. in the afternoon they will meet with house speaker john boehner and governor jerry brown is not in that group. >>> tara is back, you know all about our commute, what is happening in pacifica. >>> well, to the northport tall bridge, they are able to stabilize that weak spot. right now we will take a live look headlights are flowing nicely as you make your way towards the mcarthur maze. up next, we have 880 up near the oakland coliseum, same story staff is flowing very nicely. it is dark up there but take my word for it, traffic is flowing nicely, 5:07 let's check with steve. >>> ukiah announced they can't hold a candle to what was there. heavier amounts will not be to the north. any rain on already saturated soil will need to be watched. one to two will cover it, i think this system will weaken considerably. it doesn't mean we will not get more rain. the pattern will change, there could be some morning drizzle in some of the higher elevations and rain in the north bay, you can see it there having returns near clover dale, winds near clover
and democrats are in a stalemate in negotiations to avoid that "fiscal cliff." as susan mcginnis reports, key players took to the sunday talk shows to make their case. >> reporter: the white house is already decorated for the holidays, but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was on capitol hill to present the plan to congress. >> i was flabbergasted. i looked at him, i says, you can't be serious. >> reporter: president obama wants $1.6 trillion in new taxes on the rich, $400 billion in cuts to entitlement programs, such as medicare, and $50 billion in stimulus spending. >> the president and the white house have had three weeks and this is the best we've got?! >> reporter: mitch mcconnell laughed at them last week. now geithner says if they don't like the president's plan, the republicans should present the
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